The Dow, S&P 500 and Nasdaq all dropped around 1% at Monday's close. It comes as tech giants and retailers are set to release earnings reports. CBS News business analyst Jill Schlesinger explains what it means for your wallet.

New York

Major U.S. stock indices, including the Dow, S&P 500, and NASDAQ, each fell by about 1%, contributing to new uncertainty among investors. The decline comes as large technology companies and major retailers prepare to release earnings reports, with some investors questioning whether tech firms have become overvalued, especially in light of significant investments in artificial intelligence.

Despite recent volatility, markets remain up for the year, and analysts recommend that long-term investors avoid trying to time the market but consider rebalancing portfolios if allocations have shifted. New investors are encouraged to enter the market through retirement plans or IRAs, as investing is increasingly seen as a viable path to wealth accumulation, particularly among younger generations facing housing affordability challenges.

What's behind the dip in the stock market?

All right, let's talk the economy. Investors face a new uncertainty after the Dow, S&P 500, and NASDAQ all dropped around 1% Monday. Now it comes as tech giants like NVIDIA and retailers like Target and Walmart are set to release earnings reports. CBS News business analyst Jill Schlesinger is here with what this means for your wallet and bottom dollar. Good morning, Jill. Good morning. All right, so what's behind this dip in the stock market and what could the earnings reports tell us? First of all, the last month or so we've had some ups, we've had some downs, but overall, markets are still up on the year. So let's reinforce that. What's happening now is there are many investors who are saying that some of the big tech companies got ahead of themselves. So companies like NVIDIA, like Meta, these big companies that are spending so much money on AI, perhaps we've put too much faith in their ability to translate that into profits over the long term. That was a concern initially. So maybe we'll take those positions down a little bit. I just looked it up, by the way, NVIDIA, which was up 172% last year, is still up 35% this year. That's not bad at all. Not at all. All right, so are there moves that anyone could make in the stock market that makes sense? And then also, if you're not in stocks, what should people be doing? I think that if you are an investor, a long-term investor, you are not about timing the market. You are about staying in the market, but that doesn't mean you should not rebalance your portfolio by the end of the year. Maybe you've gotten your stock position up beyond a place where you wanted it to be. Maybe you want it to be 70% stocks, 30% bonds. Now you're 80% stocks. Hey, take that down, rebalance it. Take the 10% that's in stocks, put it in the bonds. If you are not in the market yet, the easiest way to gain entry is through a retirement plan. If you don't have one through work, you can open up an IRA or a Roth IRA. Little dollars today can translate into big dollars down the line. This is not just for rich people anymore. Stocks and investing are a way to accumulate wealth. And I think what we're seeing is the younger generation has really stepped up. They're investing because they're saying, hey, I can't buy a house. I think I'd rather buy the market. That's a smart move. All right, Dollar Dollar Jill. Thank you so much.

U.S. President Donald Trump will host Saudi Crown Prince Mohammed bin Salman at the White House, his first visit since Washington Post journalist Jamal Khashoggi was killed in 2018. The crown prince has denied any involvement.

Washington

Saudi Crown Prince Mohammed bin Salman visiting White House

The sale of the fighter jets is one of several major deals between the two countries expected to be announced during the visit.

Trump says he will sell F-35 jets to Saudi Arabia

The U.K. government has proposed a major overhaul of its asylum rules, making it easier to deport people and quadruple the amount of time it takes to become a permanent resident.

London

U.K. introduces tougher laws for asylum seekers

In a blistering opinion, a federal judge in Virginia accused Justice Department prosecutor Lindsay Halligan of misconduct, saying there was a "disturbing pattern of profound investigative missteps."

Virginia

DOJ accused of 'profound investigative missteps' in Comey case

The United Nations Security Council has voted to adopt a U.S. resolution outlining President Trump's peace plan for post-war Gaza. CBS News senior foreign correspondent Holly Williams has the details.

U.N. Security Council adopts U.S. resolution on Gaza plan

The aircraft carrier USS Gerald Ford has arrived in the Caribbean, giving the United States the ability to strike inside Venezuela if President Trump gives the order. The U.S. has also sent thousands of troops to the region.

Trump 'won't rule out' sending troops to Venezuela amid rising tensions

President Trump now says Republicans should vote to release all of the files related to the federal investigation into convicted sex offender Jeffrey Epstein. CBS News' Olivia Rinaldi and Nikole Killion have the latest on what could happen next.

Trump's Epstein files reversal comes amid pressure from allies

Poland's Prime Minister Donald Tusk has called an explosion on a railway line “an unprecedented act of sabotage.” Donald Tusk did not say who he believed had carried out the attack, but a government minister said "foreign intelligence agencies" were responsible.

Warsaw

Railway line blast in Poland ‘unprecedented act of sabotage’

Ukrainian President Zelenskyy signed a landmark deal in Paris on Monday to buy 100 Rafale jets, drones, and air defense systems from France.

Paris

Ukraine signs deal with France for jets, air defense systems

The Federal Aviation Administration ended mandated cuts in domestic flights at 40 major U.S. airports, easing restrictions that had been imposed over air traffic control concerns during the federal shutdown.

FAA ends mandated cuts in domestic U.S. flights

Israeli Prime Minister Benjamin Netanyahu vowed to oppose any attempt to establish a Palestinian state, a day before the UN Security Council will vote on a U.S.-drafted resolution on Gaza that leaves the door open to Palestinian independence.

Tel Aviv-Yafo

Middle East Conflict

Netanyahu insists there can be no Palestinian state ahead of UN vote

A Bangladesh court sentenced ousted Prime Minister Sheikh Hasina to death for crimes against humanity on Monday (November 17), concluding a months-long trial that found her guilty of ordering a deadly crackdown on a student-led uprising last year.

Dhaka

Bangladesh's ousted PM sentenced to death for protest crackdown

President Donald Trump now appears to support the release of all Jeffrey Epstein files as the House of Representatives readies for a vote on the matter. CBS News' Natalie Brand reports.

House vote on Epstein files expected Tuesday

In the latest round of the Trump administration's sweeping immigration raids, federal agents arrested 81 people in Charlotte, North Carolina, on Saturday alone. In videos posted online, some who were detained said they do have legal status.

Charlotte

ICE detains dozens in Charlotte

If the bill passes, the U.S. Justice Department would be required to release all files and communications related to Epstein, as well as details about the investigation into his death in federal prison.

Trump calls on House Republicans to vote to release Epstein files

Chile heads to a December runoff after Sunday's presidential vote left no clear winner. Leftist Jeannette Jara and far-right José Antonio Kast will now face off in a race dominated by concerns over crime and migration.

Santiago

Chile leftists advance to next month's presidential runoff

Construction work of a concrete wall continued on the Israeli side of southern border with Lebanon, despite the Lebanese presidency's threat to complain to the U.N. Security Council over the wall's extension into Lebanese territory.

Israel constructs wall along Lebanon border

Venezuelan President Nicolas Maduro slammed planned joint military exercises by the United States and its ally Trinidad and Tobago as "irresponsible," with Washington increasing its armed presence in the Caribbean.

Caracas

Maduro denounces US military exercises

Despite U.S. President Donald Trump's repeated attempts to kill the effort to release federal files related to Jeffrey Epstein, House Republican leaders are planning to hold a vote this week on legislation to force the issue.

Claims Epstein emails mentioning Trump were 'selectively leaked'

President Trump says he has "sort of made up my mind" on whether to take military action in Venezuela. The comments come as America's largest aircraft carrier, the Ford, and other U.S. forces move within striking distance of the country. Charlie D'Agata has new details.

Trump says he's "sort of made up my mind" on Venezuela military action

President Trump says he will no longer support onetime close ally and Georgia congresswoman Marjorie Taylor Greene amid the ongoing fallout over the Epstein files. Willie James Inman reports.

Marjorie Taylor Greene 'threatened' by Trump supporters amid Epstein fallout

Flash flood warnings expanded on Saturday as rain hit wide swaths of California amid fears that the atmospheric river will intensify. Andres Gutierrez has the latest details.

Pacific Palisades

Rainstorm pummels California, triggering flash flood warnings

Large-scale protests at COP30 in Belém, Brazil, have drawn attention to environmental concerns and the preservation of the Amazon rainforest. Inside the summit, negotiations have been complicated by the absence of the United States.

Belém

Protesters block entrance to COP30 climate talks in Brazil

The UN climate talks in Brazil are facing increasing disruption from protesters. Thousands joined the "Great People's March" outside the conference venue to demand action on global warming instead of empty promises.

Thousands join protest at COP30 climate talks in Brazil

Air travel and other government services, including SNAP benefits, are returning to normal following the end of the longest shutdown in U.S. history.

Los Angeles International Airport

Flights begin to get back on track as shutdown ends

The U.S. military is expanding operations in the Caribbean and Puerto Rico amid its deadly boat strikes on alleged drug-smuggling boats, while the Trump administration weighs military action against Venezuela.

Trump administration weighs U.S military action in Venezuela

U.S. Secretary of Defense Pete Hegseth announced "Operation Southern Spear" in the Western Hemisphere as U.S. strikes continue in the region near Colombia and Venezuela. CBS News' Eleanor Watson reports.

Hegseth announces 'Operation Southern Spear'

The U.S. has approved the sale of $330 million worth of weapons to Taiwan as tensions rise in the region with China. CBS News' Nancy Cordes reports.

Taipei City

U.S. approves massive sale of weapons to Taiwan

Jeff Bezos's Blue Origin successfully launched its New Glenn rocket on Thursday with NASA twin spacecraft destined for Mars aboard, and in a breakthrough nailed the landing of its booster.

Cape Canaveral

Blue Origin's New Glenn rocket deploys Mars satellites

A three-person crew stranded at China’s space station after their spacecraft was apparently hit by space debris are to return Friday using the craft that brought their replacement crew.

Breakdown